Two-way TradingWe offer two-way prices on every proposition, so you can always bet on an event either happening, or not happening. This gives you a unique set of betting opportunities on all our markets. In short, if you think an event will happen, you BUY it. And if you think it won't happen, you SELL it. For example, every trading day we quote prices on Wall Street to finish up on the day. Our two-way price means you can bet either that the market finishes up or that it doesn't. And you can close any open bet by simply betting in the opposite direction. Buying and sellingSay our price for Wall Street to close up is currently 32 - 35. So you can buy (bet that the market will finish up) at 35 or sell (bet that the market will finish down) at 32. In this case, let's say you decide to buy £2 per point. If Wall Street does finish up on the day, the bet will settle at 100. So you would make a profit of (100 - 35) x £2 = £130. But if Wall Street fails to finish up, the bet will settle at 0 and you would lose 35 x £2 = £70. Alternatively, you might think Wall Street will struggle, and sell £2 per point at 32. This means that you will make 32 x £2 = £64 if it fails to finish up. But your risk if you are wrong is (100 - 32) x £2 = £136. Of course you needn't wait until the event is over and the bet settles. You can close your bet at our current valuation at any time, either to cut losses or lock in profits. |
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